Market Way – indicator

The idea of this indicator is old, but not so much that we can say that is as old as forex:) The reason that the differences in the costs of opening and closing appeared only with …

This indicator summarizes the difference of opening and closing for a certain period of time, the main line, +

– Sums only bear bars;

– Sums up the only bull bars, and also added a weighted average of the total period.

Advantages:

– Combines (important!) The possibility of an oscillator and the trend indicator;

– Easy to understanding and interpretation;

– Good points to upward or downward movement;

– Points to the bull and / or bearish pressure, the estimated amount of motion (important!) In points, which can play a significant role in the installation stops and profits.

– Indicates the presence of lateral movement, and its strength (high or low volatile).

– Indicates the point of overbought / oversold levels.

– Clearly indicates the wave function of the price movement and the possibility of rendering the levels of divergence / convergence.

– Allows you to decide on the future behavior of prices and (important!) To enter the market, using the (important!) Only this indicator;

– Works well with the data of any timeframe, as well as with the data other than forex, markets;

– Without additional smoothing filters out false signals the breakdown cost SMA with the same period

Disadvantages:

– Must always be a settlement period, which naturally decreases the accuracy of the analyzed data sample size (the main problem of all, including and this indicator);

– Poorly studied all the possibilities of this indicator

Recommended parameters:extern int IdMain =12; // the main line (drawn on the chart points) of the indicator, it is better (but not necessarily) if it is always between bullish and bearish lines, so Pick up the parameters accordingly. extern int IdBull = 12; / / line of bull, it is better if its value is equal to the bear and the main line extern int IdBear = 12; / / a bear line, it is better if its value is equal to the bovine line and the main extern int IdArray = 12; / / all sma line – the value of smoothing of all the lines on the graph, or so-called The SIGNAL lines.

Presented on the display is a histogram displaying the difference bullish line (white bars) and the SMA and the bear line (black bars) and the SMA. More information is written inside the code indicator. Recommended settings are multiples of 12, as well as options to those numbers which are divided at the same time on 3 and 4, the maximum 108, minimum 12, possibly 9 and 7. These assumptions relate to studies of other work, so it is only a number.

This indicator in the tester strategies:This example for evidence-building indicator.

These are not optimized, deals are made on opening a bar, so there is no need to test “every tick”, the open mode of transactions 1 at the bar. t/f Daily, tool: EURUSD, period: all available 1999 and 2010.Stop Loss and Profit at the level of 500 points. Withdrawal shall be effected by the condition of the entrance opposite transaction. Indicators options: all 12., Lot: 0,1 continuous

Conditions of entry Long://-2- / / -2 – MainAccumulation1-MainSMA1>0 // if the main line above a smoothed value && BullPressue1-Point>0 // if the bullish pressure above 0 && BearPressue1-Point>0 // if the bearish pressure above 0 && MainAccumulation1-Point>0 // if the main line above 0

Below is a schedule change of assets (Equity), the accuracy of 5 digits, as you see, after the discovery of any of the transactions, the equity is rarely fell below -200 points.

MT4 Indicators – Download Instructions

Market Way – indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Market Way – indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust their strategy accordingly.

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MT4Indicators.com is the library to the thousands of indicators for MetaTrader 4 developed in MQL4. Regardless of the market (forex, securities or commodity market), indicators help to represent quotes in an accessible form for easy perception.